Market Analysis Summary - February 24, 2026

Overview

The article discusses the recent performance of major US stock indices, particularly focusing on the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, amidst heightened market volatility driven by President Trump's new tariff orders. The analysis highlights significant sell-offs in key stocks and the implications for market trends moving forward.

Key Points

• Market Reaction: The Dow Jones Industrial Average experienced the largest percentage loss among the major indices, primarily due to intensified selling pressure following Trump's announcement to increase global tariffs.
• Stock Performance: Notable declines were observed in stocks such as IBM (-10.89%), American Express (-8.16%), and Salesforce (-5.25%). Conversely, Procter & Gamble and Walmart saw gains of approximately 2.50%.
• Technical Analysis: The Dow cash index broke below its 50-day moving average, indicating potential further declines with key support levels identified between 48120 and 47556.
• S&P 500 Trends: The S&P 500 also fell below its 50-day moving average, with a critical support zone identified between 6762 and 6705, where buyers may attempt to enter the market.
• Nasdaq Composite Status: The Nasdaq is currently caught between resistance at the 50-day moving average and support at the 200-day moving average, indicating a neutral trend but with a downward bias.

Detailed Index Analysis

Dow Jones Industrial Average

The Dow is under significant pressure, having broken through its 50-day moving average at 49025.28. The next major downside target is set at the value zone of 48120.86 to 47556.37, where potential bargain hunters may emerge.

S&P 500 Index

The S&P 500 is down over 1% and has decisively broken its 50-day moving average at 6895.83. If the index fails to hold the pivot at 6845.75, it could lead to further declines towards the key retracement zone at 6762.10 to 6705.42.

Nasdaq Composite Index

The Nasdaq Composite is currently trading between the 50-day moving average resistance at 23275.19 and the 200-day moving average support at 21903.23. The market appears to be in a neutral trend, with buyers showing interest at lower price points but lacking sufficient momentum to drive prices higher.

Conclusion

The article emphasizes the current bearish sentiment in the US stock markets, driven by external factors such as tariff announcements and internal market dynamics. Traders and investors are advised to monitor key support levels closely, as these will be critical in determining the next moves in the indices.